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Are you aware there are charitable rates available that can lower costs for payment processing? Does your school use them when applicable? Independent schools can often obtain savings on donation processing costs, and if you don’t do that already, it’s time to learn more about it.
Although the primary source of income for independent schools is usually tuition, charitable donations are important contributors to the bottom line. Most charitable giving takes place during the final quarter of the calendar year, and it’s almost October. Be sure your school is ready to increase donations at the start of the giving season by making the ability to do so fast, simple, secure, and at the lowest rates available.
Many schools today still don’t have online giving capability, which is unfortunate. Our payment experts sometimes hear, “We don’t accept donations online because we don’t want to pay processing fees – we want to receive the entire amount.” Well, that’s one way to look at it, but it’s also important to remember that donations are voluntary. Wouldn’t a school prefer to receive a net donation of almost 100% rather than none at all due to lack of convenience for the would-be donor?
Diamond Mind schools with an online donation feature are provided with the following:
Click here for more information regarding Diamond Mind’s charitable giving processing rates. If you’d like to speak with one of our payment experts, contact us at 888 566-0945 x777 or firstname.lastname@example.org.